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<p>[QUOTE="Market Harmony, post: 792517, member: 20154"]I'm on this forum for coin-related knowledge, but I would like to chime in here for this particular subject. I own a company with the same name as my forum name.</p><p> </p><p>I regularly purchase silver and gold scrap items and melt them down to be sent to a refinery with whom I have developed a business relationship. Because of this relationship, I get some favorable rates. I pass this on to my customers. My purchase price is 80% of the silver content for most items, more for .999 stuff. (97%)</p><p> </p><p>A physical store location has much higher overhead than my company and they will buy at much lower percentages. The benefits to the customer is immediate cash, and immediate turnover.</p><p> </p><p>But, the benefit of sending the scrap to my company is that you get a higher payout, and I also pay on the silver content in gold jewelry on top of the gold content. You also get very accurate assays on your items. ICAP machines are accurate to parts per billion, and this is how the assay is performed. So, your payout is accurately based on the actual metal content. No acid test can ever be that accurate. The drawback to using my service is that you do not have immediate payment available, you have to share personal identification information with my company (many times this is the case with physical locations as well), there is a flat rate $25 assay fee involved, and shipping costs are your responsibility. If you've got a few ounces of silver, or a couple grams of gold, then going to a physical location might be better. But, when you are talking about pounds of silver, and ounces of gold, I think you'll do well to consider sending it to a company like mine.</p><p> </p><p>There are other avenues to moving your scrap gold and silver. My company is just one of those. Keep shopping around, and perhaps others will chime in as well. Good luck. I hope you find the best solution for your needs.[/QUOTE]</p><p><br /></p>
[QUOTE="Market Harmony, post: 792517, member: 20154"]I'm on this forum for coin-related knowledge, but I would like to chime in here for this particular subject. I own a company with the same name as my forum name. I regularly purchase silver and gold scrap items and melt them down to be sent to a refinery with whom I have developed a business relationship. Because of this relationship, I get some favorable rates. I pass this on to my customers. My purchase price is 80% of the silver content for most items, more for .999 stuff. (97%) A physical store location has much higher overhead than my company and they will buy at much lower percentages. The benefits to the customer is immediate cash, and immediate turnover. But, the benefit of sending the scrap to my company is that you get a higher payout, and I also pay on the silver content in gold jewelry on top of the gold content. You also get very accurate assays on your items. ICAP machines are accurate to parts per billion, and this is how the assay is performed. So, your payout is accurately based on the actual metal content. No acid test can ever be that accurate. The drawback to using my service is that you do not have immediate payment available, you have to share personal identification information with my company (many times this is the case with physical locations as well), there is a flat rate $25 assay fee involved, and shipping costs are your responsibility. If you've got a few ounces of silver, or a couple grams of gold, then going to a physical location might be better. But, when you are talking about pounds of silver, and ounces of gold, I think you'll do well to consider sending it to a company like mine. There are other avenues to moving your scrap gold and silver. My company is just one of those. Keep shopping around, and perhaps others will chime in as well. Good luck. I hope you find the best solution for your needs.[/QUOTE]
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